Energy News Beat The bloc has so far imposed 11 packages of restrictions against Moscow over the Ukraine conflict The European Union is in talks on a new round of sanctions that would impact some €5 billion ($5.3 billion) in trade with Russia, Bloomberg reported on Tuesday, citing its sources. According to the report, the […]
Energy News Beat Starting last month, top Ukrainian officials began pushing an alarmist narrative that “world war 3 has already begun” – as the head Ukraine’s National Security and Defense Council Aleksey Danilov had claimed in early September. The words were spoken after it became clear that Ukraine’s military was losing, and now Time magazine has confirmed […]
Energy News Beat A powerful consortium of pulp mills, pipe foundries and other manufacturers has moved to block an aid program for Duke Energy’s poorest residential customers — provoking dismay among the clean energy advocates who had championed it. Set to begin early next year, the Customer Assistance Program would give a $42 discount […]
Energy News Beat World Oil (Bloomberg) – bp Plc’s temporary boss gave a robust defense of the company’s strategy, batting away suggestions that he needs to follow the big oil deals done by U.S. competitors Exxon Mobil Corp. and Chevron Corp. Source: World Oil “We’re focused really on transition” to net zero emissions, Interim Chief Executive Officer […]
Energy News Beat The following commentary was written by Larry Glover, a Maryland-based energy marketing & communications subject matter expert and community engagement specialist. See our commentary guidelines for more information. We just lived through the hottest summer in recorded human history. From coast to coast, the United States set heat records, the brunt of […]
Energy News Beat Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached 404.6 million barrels during the month of August, new EIA data shows, for an average of 13.05 […]
Energy News Beat Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share came in at $8.14, above the analyst consensus estimate of $7.75 compiled by The Wall Street Journal. Source: Reuters In […]
Energy News Beat World Oil (Bloomberg) – A century after the U.S. set aside a broad swath of northwest Alaska to be used as an emergency oil supply, the Biden administration is pursuing changes that could make it impossible to harvest crude from new leases in the 23 million-acre site. Source: World Oil The proposal […]
Energy News Beat Oil Price Oil production in the Bakken shale play is set to increase after Chevron’s acquisition of Hess, although volumes are unlikely to hit the records seen before 2020, analysts have told Reuters. Last week, Chevron said it would buy Hess Corporation in an all-stock transaction valued at $53 billion with a total enterprise value, […]
Energy News Beat A major federal grant will help Xcel Energy restart a Minneapolis microgrid project delayed earlier this year over cost concerns. Xcel Energy received a $100 million grant last week from the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships program for resiliency and wildfire mitigation initiatives, including the Resilient Minneapolis […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
